1.$AT&T (T.US)$stock was flat, down 0.09%, in Wednesday's trading. The most traded calls are contracts of $20 strike price that expire on Jan 17 and the total volume reaching 306,011 with the open interest of 54,088.
Telecom giant AT&T on Wednesday announced that it will offer bill credits to customers who are affected by network outages as part of an initiative to attract customers in the wake of the industry experiencing several significant disruptions last year.
2. The shares of$IonQ Inc (IONQ.US)$tumbled 39% on Wednesday with the most traded puts are contracts of $20 strike price that expire on Jan 10 and the total volume reaching 16,287 with the open interest of 108.
IonQ Inc. and other companies linked to quantum computing tumbled on Wednesday, after Nvidia Corp. Chief Executive Officer Jensen Huang said that "very useful" quantum computers are likely decades away.
Unusual Stock Options Activity
There was a noteworthy activity in$C3.ai (AI.US)$, with $36 calls topping the highest volume to open interest ranking. The highestvolume over open interest ratio reaches 81.3x with 30,316 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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BelleWeather
:
I sold my second naked calls ever on quantum tickers last week (the first time was only a single contract, and while I had very high conviction, it wasn’t to the point of feeling that “I know,” and so risky that, well, one contract was a fine start. I did have the highest level of conviction that quantum stocks would correct, hugely and soon. Still sold extra time for obvious reasons. The only “new” idea I had going into the New Year with any confidence. I’m happy it worked out, of course, because the opposite would have been very not good. I’m so sorry for others, however. It was odd, as I mentioned, commented, shared the trade and spoke of the correction in a Moo Moo Livestream. And there was only one single response that considered essentially what Huang said possible, and many others who disagreed, most vehemently, some angrily and a few in an ugly fashion. Also, I explained my reasoning (same as Sir Jensen’s, but also others,) and it seemed that those in disagreement had none. I should think that a few hours of reading on the technology and examination of valuations and other fundamentals would have prompted caution at the least? I feel bad that the trade worked, but also, wish I saw more reasoning behind strong conviction trades from others. Unless trading purely junk pennys with TA, these things do matter, I think.
Sinisloth : $Virgin Galactic (SPCE.US)$ $Hyperscale Data (GPUS.US)$
102701962 : Thanks for the dip Jensen
TokenSleep 102701962 : Right, this is 100% the time to buy and hold.
StockPeep : Yeah we don’t need your opinion Jensen, but thinks for the dip. More shares I buy :)
BelleWeather : I sold my second naked calls ever on quantum tickers last week (the first time was only a single contract, and while I had very high conviction, it wasn’t to the point of feeling that “I know,” and so risky that, well, one contract was a fine start. I did have the highest level of conviction that quantum stocks would correct, hugely and soon. Still sold extra time for obvious reasons. The only “new” idea I had going into the New Year with any confidence. I’m happy it worked out, of course, because the opposite would have been very not good. I’m so sorry for others, however. It was odd, as I mentioned, commented, shared the trade and spoke of the correction in a Moo Moo Livestream. And there was only one single response that considered essentially what Huang said possible, and many others who disagreed, most vehemently, some angrily and a few in an ugly fashion. Also, I explained my reasoning (same as Sir Jensen’s, but also others,) and it seemed that those in disagreement had none. I should think that a few hours of reading on the technology and examination of valuations and other fundamentals would have prompted caution at the least? I feel bad that the trade worked, but also, wish I saw more reasoning behind strong conviction trades from others. Unless trading purely junk pennys with TA, these things do matter, I think.